
San Jose, California 95112
This property presents a High-Potential Investment Opportunity with a List Price of $1,388,000—positioned above the $1,105,607 Fair Market Value. While the current structure holds a Fair Condition Rating (built 1901), the 12,722 sq ft lot is the primary asset, offering significant SB 9 development potential for lot splits or duplexes. This land-driven play is ideal for Real Estate Developers or Buy-and-Hold Investors focused on long-term infill appreciation within the San Jose Unified School District.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 860 N 19th Street Subject | $1,388,000* List Price | 3 | 1 | 1,559 | $709 | - |
A 855 N 12th Street Sold | $1,275,000 | 5 | 2 | 1,600 | $797 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1901 (>50 years old) with no evidence of recent renovations. The listing description explicitly prioritizes the 12,722 sq ft lot for 'Major Development Upside' and SB 9 potential, stating 'the land is the play' and 'the house is the bonus,' which indicates the structure is likely at the end of its economic life.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 12722, living area = 1559.
The massive 12,722 sq ft lot is a rare find in San Jose, offering exceptional upside through potential SB 9 lot splits or duplex development.
Positioned with quick access to Downtown San Jose and major freeways, the property sits in a high-demand area poised for long-term appreciation.
Built in 1901, the existing home likely requires significant modernization or may be considered a teardown, as the primary value lies in the land rather than the residence.
The current 3-bedroom, 1-bathroom configuration lacks the functional utility expected by modern families, necessitating further investment to improve marketability.
Rare Oversized Lot with Major Development Upside in Prime San Jose LocationRare Oversized Lot with Major Development Upside in Prime San Jose Location Opportunity knocks for investors, developers, and savvy buyers alike. Nestled in an established San Jose neighborhood with quick access to Downtown San Jose and major freeways, this 3-bedroom home sits on an exceptional 12,722 sq ft lot. The residence offers 1,559 sq ft of living space with a ground-floor bedroom and full bathroom, separate family room, dining area, and two-car garage. What truly sets this property apart is the land. Lots of this size are increasingly rare in infill San Jose, and this one may qualify for SB 9 lot split or duplex development, opening the door to significant value-add potential. Buyer to verify eligibility. Whether you are looking to build, hold, or reposition, the optionality here is exceptional. Located within the San Jose Unified School District with easy freeway access and proximity to Downtown's growing core, this is the kind of lot-driven opportunity that rarely surfaces in this market. The house is the bonus. The land is the play.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 2.0 | 29% |
| Square foot | 1,559 | 1,472 | 56% |
| Lot Size | 12,722 | 5,750 | 96% |
| Price | $1.39M | $1.15M | 78% |
| Price per sq ft | $890 | $807 | 64% |
| Built year | 1901 | 1920 | 9% |
| HOA | $0 | $0 | 50% |
| Days on market | 11 | 123 | 2% |
Jun 3, 2026
$1,388,000
Initial Listing
Jun 7, 2022
$1,400,000
Public Record